PARSIPPANY, NJ − Sun Chemical and its parent company, DIC, have reached a definitive agreement to purchase Benda-Lutz Werke GmbH, a leading manufacturer of metallic effect products based in Austria.
The acquisition will allow Sun Chemical and DIC to purchase 100 percent of the shares, assets and business from Benda-Lutz and will expand its product portfolio in metallic effects. With the acquisition, Sun Chemical will add production facilities in Austria, Poland, Russia and the United States to accompany its aluminum pigment manufacturing site in China, which will form the basis of a new global Metallics Business Unit as part of Sun Chemical’s Performance Pigments Division.
Sun Chemical and Benda-Lutz expect to close the acquisition in the third quarter of 2012. Terms of the deal were not disclosed.